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740 E Green St, Bensenville...

ProLogis Acquires Industrial Building On Green St, Bensenville From Transmission Parts And Technology
SOLDIndustrial

ProLogis Acquires Industrial Building On Green St, Bensenville From Transmission Parts And Technology

740 E Green St, Bensenville, IL, 60106

Building Size

33,393 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The property involved in the transaction is an industrial building located at 740 E Green St, Bensenville, IL, 60106. The building spans 33,393 square feet and sits on 1.61 acres of land in the Bensenville market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Buyer: ProLogis
  • Buyer's Representative: Thomas Rodeno (Colliers International)
  • Seller: Transmission Parts and Technology
  • Seller's Representative: Trinity Scurto (Brown Commercial Group)
  • Additional Information: ProLogis plans to redevelop the purchased property along with an adjacent site and has also acquired eight acres of nearby land for a larger development.

Key individuals and companies involved in the deal include Thomas Rodero and Jonathan Kohn of Colliers International, representing ProLogis in the transaction. Trinity Scurto represented both the seller, Sam Perricone, in another sale and the buyer in a separate transaction involving Tierra Distilling. Matt Scales of @properties represented the seller of the building acquired by Tierra Distilling for their new headquarters and distillery.

Players

Thomas Rodeno

Colliers

Broker

$22.6M

vol

14 deals

Broker
Prologis
PrologisBrokerage
Prologis
PrologisBuyer

Bensenville Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93